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Constructive International Cooperation in Valuation
AREA Press Release No. 160/2016: May 10, 2016

Dr.Sopon Pornchokchai, Ph.D. Dip.FIABCI, MRICS
President, Agency for Real Estate Affairs (AREA)

Our ASEAN Valuers Association (AVA) should not have only one association from each country.  There are more than one organization of valuers in each country.   The AVA should put together those regulators, educators as well.  In an annual meeting, it should be a meeting for valuers, regulators, and educators and the like not by the will of any leaders in particular.

Dr.Sopon at the Highgate Cemetery, London.We need democracy at all level of cooperation.  No imperialism nor exploitation.  Valuers unite.  At present, there is no single internationally-accepted organization which brings all of the valuation organizations together.  Therefore, a valuation council or association of a developing country should learn from many organizations such as IVSC (International Valuation Standards Committee), WAVO (World Assoc of Valuation Organizations), RICS (Royal Institution of Chartered Surveyors – a UK-based organization), Appraisal Institute (a US-based organization).

In addition, there are a few other recognized US organizations as well such as IAAO (International Association of Assessing Officers - valuation for tax purposes), ASA (American Society of Appraisers - valuation for real estate and machinery), IRWA (International Right of Way Association - valuation for appropriation). AFMRA (Association of Farm Managers and Rural Appraisers).

Another real estate–related international organizations with which we should have some affiliation is FIABCI (International Real Estate Federation), an international organization based in Paris with the largest number of members for all disciplines of real estate.  In terms of academy, related academic societies should be attached as well.  They are International Real Estate Society, African Real Estate Society, Asian Real Estate Society, European Real Estate Society and Pacific Rim Real Estate Society.  Their annual conferences provide rich knowledge and networking rewards to attendees.

Reciprocal cooperation with large national valuation organizations would help a developing country to learn more.  These national valuation organizations which have rich experience are those from Australia, Canada, Hong Kong, Singapore, South Africa, Malaysia, Thailand and the like.

Let's valuers unite together. Our ASEAN Valuers Association (AVA) should not have only one association from each country.  There are more than one organization of valuers in each country.  To recognize only one is blinded and injustice to others.  In addition,  the AVA should put together those regulators, educators as well.  In an annual meeting, it should be a meeting for valuers, regulators, and educators and the like.  They should have an opportunity to learn from each other as well.